A company still losing money, with high risk. Institutions are adding.
Watch out for
About 7 months of cash left at its current burn
Losing money, losses are large next to sales
7 offering filings in 6 months (may sell new shares)
Money moves
No insider buying or selling in the last 30 days
Institutions added 28% to their holdings in the quarter ending June 2026 (87 bought, 41 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.19-20.8% that day
Company value
$28M
Share price times all shares
Price vs sales
0.55x
No profit over the last year, so this compares value with sales instead
Cash vs value
134%
A big cushion: cash is a large part of what the company is worth
From BZAI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$12.0M
Sep '23Tap a barJun '26
Last 12 months: $50.4M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BZAI. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$64M
Profit in 5 years$6M
Price these guesses point to$0.67+250% vs $0.19 todayAbout +29% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 18% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/3Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$74.5M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.16.0%
Revenue
$38.6M
Current ratio
2.23x
short-term assets / bills due
Free cash flow
-$74.5M
-192.9% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 6
Revenue
$12.0M
+504.7% YoY
EPS
-$0.21
vs -$0.28
Op. margin
-255.4%
+848.7 pts
Gross margin
7.7%
-51.7 pts
Free cash flow
-$29.2M
Share count
+28.9%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
55/ 100
This week
2
Normal week
1.7
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+27.8%
Institutions added 27.8% to their holdings. 87 bought, 41 sold. 4 quarters of net buying in a row.
Shares held by institutions38.0M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
6 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
145M
Why high risk
Losing money, losses are large next to sales
About 6 months of cash left at its current burn
13 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 10
Next reportAround Dec 15 (est.)Estimated from the same quarter last year
Results filedOct 6
Results filedAug 13
Results filedMay 14
Results filedApr 14
Results filedMar 24
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days